If you’re in the market for a new credit card, comparing credit card interest rates is important. But you might be wondering: What’s a good credit card APR? The Federal Reserve reported an average credit card interest rate of 22.15% for 2023. You may also be able to access a much lower APR through an introductory offer to new credit card applicants. Keep in mind that different types of transactions, like balance transfers, may have different interest rates.
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There is no hard inquiry to your credit report to check if you’re pre-approved. If you’re pre-approved, and you move forward with submitting an application for the credit card, it will result in a hard inquiry which may impact your credit score. Receiving a pre-approval offer does not guarantee approval. Applicants applying without a social security number are not eligible to receive pre-approval offers. Card applicants cannot be pre-approved for the NHL Discover Card.
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